Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Plains All American Pipeline L.P. New York, September 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Plains All American Pipeline L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

A new dock and crude oil storage terminal built by Plains All American Pipeline LP received its first ship this week. Eagle Ford Terminals Corpus Christi LLC, which is jointly owned by Plains and Enterprise Products Partners LP (NYSE: EPD), has been in the works since 2014. The project was built by Plains (NYSE: PAA).

Moody's Investors Service ("Moody's") assigned a Ba1 rating to Plains All American Pipeline L.P.'s (Plains) proposed senior unsecured notes offering. Plains' announced unsecured debt issuance will improve the company's maturity profile as the use of proceeds will primarily be used to partially refinance its December 2019 and January 2020 maturities totaling $1 billion, and therefore, the transaction will be debt neutral. The proposed and existing Plains senior notes and its $1.6 billion revolving credit facility due August 2024 are issued at the parent level and are unsecured.

Plains All American Pipeline, L.P. today announced that it has commenced a public offering of senior notes . PAA intends to use the net proceeds from the offering to partially repay the principal amounts of its $500 million 2.60% senior notes due 2019 and $500 million 5.75% senior notes due 2020 at their respective maturity dates in December 2019 and January 2020, and, pending such repayment, for general ...

U.S. oil futures rose 1.7% on Thursday, lifted by a deep draw on U.S. crude inventories, especially at the benchmark's delivery hub due to increased demand with the start-up of two new West Texas pipelines. The approach of Hurricane Dorian toward Florida also raised fears that offshore U.S. crude producers may slow output if the storm passes into the Gulf of Mexico over the weekend, analysts said.

San Antonio-based EPIC Crude Holdings LP has delivered its first barrels of Permian Basin crude oil to terminals at the Port of Corpus Christi, the company announced Monday. EPIC Crude, a subsidiary of EPIC Midstream Holdings LP, became the second company this month to begin delivering West Texas barrels to the port, after the Plains All American Pipeline LP sent its Cactus II barrels to NuStar Energy LP's (NYSE: NS) Corpus terminal last week. Because its crude oil pipeline is under construction, the company is using an adjacent natural gas liquids pipeline to ship the crude from the West Texas town of Crane to Robstown, just outside of Corpus Christi.

Two U.S. shale producers have challenged an energy pipeline operator's proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs. The United States imposed tariffs on imported steel and aluminium last year to shield U.S. producers from overseas competition. U.S. energy industry trade groups have warned the tariffs could raise costs for companies and consumers.